Russian President Vladimir Putin aims to deploy nuclear submarines to the Arctic Sea.

Ria Novosti reports that, "Last year, Moscow unveiled a strategy aimed at increasing its presence in the Arctic and boosting the region's development by 2020. Experts say it may take Russia five to seven years to ratchet up its Arctic exploration effort to what it was during its golden era in the 1930’s and 1940’s."

Global Warming is turning the Arctic Circle into a golden opporutinity for natural resources investors and explorers.

According to Ria Novosti, "In April, Putin said that a united system of naval bases for ships and next-generation submarines will be created in the Arctic to defend Russia’s interests in the region. He urged the speedy completion of modern navigation infrastructure, communications, technical services and emergency care to be established along the Northern Sea Route – from Russia’s Far East to Murmansk on the Barents Sea."